3 Feb 2023
CEKAP ASIA SDN. BHD. 1. ) DATO SRI YAP SENG YEW 2. ) DATIN SRI GAN LI LI 3. ) HONG LEONG INVESTMENT BANK BERHAD
- Citation
- BA-22NCC-18-02/2021 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- BA-22NCC-18-02/2021 (Mahkamah Tinggi)
On the balance of probabilities the defendants failed to establish credible evidence that the plaintiff would be unable to pay costs or that ordering security was just; the application relied on unverified assumptions about the plaintiff's and its shareholder's finances and risked being oppressive; accordingly the interlocutory application for RM100,000 security for costs was dismissed with costs.